The Talos Company is usually located in Houston, Texas. The founders of the company (John Parker, John Harrison, Stephen Heitzman and Timothy Duncan) incorporated the company with the main aim of venturing into the gas and oil industry.
The company prides itself in the great networks that it can create. The relationships that it has created with other companies have been of great help in maintaining its position in the competitive market. For instance, most recently, the company was able to merge with the Stone Energy Corp.
Being just one of the oil and gas companies among the many in the very competitive market, they try to stand out from the other companies by concentrating more on offshore production and exploration of oil. Consequently, they invest in equipment and materials that will help them drill these products from the deep oceans. That way, they can operate without necessarily outsourcing their resources. This consequently improves the profitability of business activities.
The Gulf of Mexico and the Gulf Coast are the regions that the company is currently concentrating on getting assets within. From their analysis, these are the regions that they can manage to carry out full exploitation and maximize on returns because wastage of resources would be likely to be very minimal in specific regions. It also gives the company a platform to concentrate on growth because they will be able to comfortably carry out exploration of the surrounding regions. They have not been considered a potential mining region by other oil and gas companies, yet.
The management of the company has also greatly contributed to success over time. When they were coming together, they had a common objective. Their objectivity has always ensured that the strategies they used in operations are only the best, those that would attract the greatest returns.
The experience that the individuals in the management have had has been of great help as well. The company can avoid the many risks that they would expect in the company. the decision to go technical in their production, for instance, has placed them at a very high competitive level, compared to their peers.
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